The equitable doctrine that permits enforcement of oral contracts that should have been in
writing is known as:
A) Part performance. B) Promissory estoppel.
C) The equal dignity rule. D) A collateral contract.
B
Business
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Adam Smith used the word "capitalism" often in his published writings.
a. true b. false
Business
Chambers, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $64,000 variable and $180,000 fixed. If Chambers had actual overhead costs of $250,000 for 18,000 units produced, what is the difference between actual and budgeted costs?
a) $2,000 favorable. b) $6,000 unfavorable. c) $8,000 favorable. d) $2,000 unfavorable.
Business